Tax rate used in calculating Oregon state tax for year 2024

Withholding Formula >(Oregon Effective 2024)<

1. Subtract the nontaxable biweekly Thrift Savings Plan contribution from the gross biweekly wages.
   
   

2. Subtract the nontaxable biweekly Federal Health Benefits Plan payment(s) (includes dental and vision insurance program, and flexible spending account - health care and dependent care deductions) from the amount computed in step 1.
   
   

3. Add the taxable biweekly fringe benefits (taxable life insurance, etc.) to the amount computed in step 2 to obtain the adjusted gross biweekly wages.
   
   

4. Multiply the adjusted gross biweekly wages times 26 to obtain the gross annual wages.

5. Subtract the employee’s annualized Federal withholding tax from annualized gross pay to determine annualized taxable wages. The annualized Federal withholding tax to be deducted cannot exceed the maximum amount shown in the following table based on marital status and the annualized gross pay calculated in Step 4.

Tax Withholding Table Single (Regardless of the Number of Exemptions)
If the Amount of Taxable Income Is:		The Maximum Federal Deduction Amount Is:
Over:	But Not Over:
$         50,000	$   125,000	$      8,250
125,000	130,000	6,600
130,000	135,000	4,950
135,000	140,000	3,300
140,000	145,000	1,650
145,000	and over	0





Tax Withholding Table Married (Regardless of the Number of Exemptions)
If the Amount of Taxable Income Is:		The Maximum Federal Deduction Amount Is:
Over:	But Not Over:
$         50,000	$   250,000	$      8,250
250,000	260,000	6,600
260,000	270,000	4,950
270,000	280,000	3,300
280,000	290,000	1,650
290,000	and over	0





6. Determine the standard deduction allowance by applying the following guideline and subtract this amount from the annual wages.

If the Employee is:	The Standard Deduction is:
Single claiming less than 3 exemptions	>$2,745
Single claiming 3 or more exemptions	$5,495
Married	$5,495<

7. If the employee’s annualized gross wages calculated in Step 4 are less than $50,000, calculate the annual tax amount on the adjusted taxable wages using one of the tables below:
   

Tax Withholding Table Married or Single (With Three or More Exemptions)
If the Amount of Taxable Income Is:		The Amount of Oregon Tax Withholding Should Be:
Over:	But Not Over:				Of Excess Over:
$         0	$   8,600	$249	plus	4.75%	$      0
8,600	21,500	658	plus	6.75%	8,600
21,500	and over	1,529	plus	8.75%	21,500





Single (With Less Than Three Exemptions)
If the Amount of Taxable Income Is:		The Amount of Oregon Tax Withholding Should Be:
Over:	But Not Over:				Of Excess Over:
$        0	$       4,300	$   249	plus	4.75%	$      0
4,300	10,750	453	plus	6.75%	4,300
10,750	and over	888	plus	8.75%	10,750



8. If the employee’s annualized gross wages calculated in Step 4 are $50,000 or more, calculate the annual tax amount on the adjusted taxable wages using one of the tables below:
   

Tax Withholding Table Married or Single (With Three or More Exemptions)
If the Amount of Taxable Income Is:		The Amount of Oregon Tax Withholding Should Be:
Over:	But Not Over:				Of Excess Over:
$         0	$   36,255	$0	plus	0%	$      0
36,255	250,000	1,280	plus	8.75%	36,255
250,000	and over	21,274	plus	9.9%	250,000





Single (With Less Than Three Exemptions)
If the Amount of Taxable Income Is:		The Amount of Oregon Tax Withholding Should Be:
Over:	But Not Over:				Of Excess Over:
$        0	$       39,005	$   0	plus	0%	$      0
39,005	125,000	639	plus	8.75%	39,005
125,000	and over	10,636	plus	9.9%	125,000



9. Multiply the number of exemptions by $249 and subtract from the annual tax calculated above to obtain the annual Oregon tax withholding.
   
10. Divide the annual Oregon tax withholding by 26 to obtain the biweekly Oregon tax withholding.<